Palantir Technologies ( PLTR -2.01%) stock simply took off in 2024, registering eye-popping gains of 340% as of this writing and handsomely crushing the 23% gains registered by the Nasdaq Composite index during the year.

Newly minted highs of nearly $85 per share will be far in the rearview mirror as Palantir strikes its way towards a price target of $100 and then $125. All thanks to Wall Steet’s shift to being buyers of the stock. As always, the simplest trade here is a buy and hold strategy.

Nvidia stock fell in early Monday trading as investors looked ahead for clues about the chip maker’s next launch. Shares were down 1% to $135.62 in premarket trading. They fell 2.1% Friday. The stock has been largely range-bound during the past three months,